Asia Star Chemical: plans to issue up to 220 million yuan of non-public corporate bonds

Yaxing Chemical Announcement: The company held a board meeting on May 12, 2025, and approved the proposal for a private issuance of corporate bonds. The bonds have a face value of 100 yuan per bond, with a total amount not exceeding 220 million yuan, and can be issued at once or in installments. The maturity of the bonds shall not exceed 7 years, and the funds raised will be used to repay interest-bearing debts of the company and its subsidiaries, as well as for other purposes permitted by laws and regulations. The bonds will be fixed-rate bonds, and the coupon rate will be determined based on the results of the offline inquiry book. This issuance plan is subject to approval by the shareholders' meeting and must obtain a no objection letter from the Shanghai Stock Exchange before it can be implemented.